First Potomac Realty Trust Signs Over 23,000 Square Feet of New Leases at Van Buren Office Park
BETHESDA, MD (April 4, 2013) –First Potomac Realty Trust (NYSE:FPO), a leading owner of office and industrial properties in the greater Washington, D.C. area, today announced new leases, totaling over 23,000 square-feet, at Van Buren Office Park, in Herndon, Virginia.
Recent leasing transactions include Bridges System Integrated LLC, a veteran-owned small business, that provides problem solving for critical technology challenges. Bridges System Integrated LLC has signed a lease for 15,468 square feet. Blue River Information Technology LLC, an information technology company that provides data center infrastructure solutions, as well as continuity of operations and required security, will occupy 4,320 square feet. Another lease was signed at the property for 3,270 square feet.
“Our well located properties, like Van Buren Office Park, have continued to attract quality tenants,” stated Edward V. Zaptin, Vice President of Leasing for First Potomac Realty Trust’s Northern Virginia portfolio. “We’re happy to welcome these new tenants to the First Potomac portfolio.”
Van Buren Office Park is located just off Fairfax County Parkway with easy access to Dulles International Airport. The property consists of five, single-story office buildings, totaling 108,299 square-feet. The property is currently 94-percent leased.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, operating, developing and redeveloping office and industrial properties in the greater Washington, D.C. region. As of December 31, 2012, the Company's consolidated portfolio totaled approximately 14 million square feet. Based on annualized cash basis rent, the Company’s portfolio consists of 43% office properties, 34% business parks and 23% industrial properties. A key element of First Potomac's overarching strategy is its dedication to sustainability. Nearly 1 million square feet of First Potomac property is LEED Certified, with the potential for another 1 million square feet in future development projects. Roughly half the portfolio's multi-story office square footage is LEED or Energy Star Certified and 82% of First Potomac’s Washington, DC portfolio is Energy Star Certified. FPO common shares (NYSE:FPO) and preferred shares (NYSE:FPO-PA) are publicly traded on the New York Stock Exchange. For more information, please visit www.first-potomac.com.